A loan of $4,200 helped a member paulina requires the loan to purchase supplies such as sugar, rice, potatoes, vegetables, meat, etc.


Llankasunchis De Lares Group's story

The members of the community bank “Llankasunchis de Lares” meet every 30 days in the micro finance offices of Asociación Arariwa in the city of Lares. The community bank is in their ninth loan cycle and is made of up laborers and entrepreneurs who take every chance they get to get ahead and through their daily efforts strive to improve the future of their children. The quechua word "Llankasunchis” means "workers".

Paulina is 37 years old and has two 12 year old twins who are attending school.

Paulina told us - My community bank "Llankasunchis” is made up of 12 members (8 women and 4 men). They elected me to represent the community bank and describe my economic activities. Paulina has a restaurant call "Las Gemelas" in the the Plaza de Armas in the city of Lares where she prepares breakfast, lunch, dinner, and food specially ordered by her clients. Paulina requires the loan to purchase supplies such as sugar, rice, potatoes, vegetables, meat, etc.

Some of the principle economic activities that members of the community bank engage in are: the sale of food on foot in the Plaza de Armas in Lares for the “Asociación de Vianderas de comunidad de Lares”, growing and selling young animals, grocery sales, sale of chicha (corn liquor) and fruit and others offer services in the municipal district of Lares. They complement each others activities because they all work with cattle and agriculture and sell their products in the market of “Machacancha” on Mondays until 2 in the afternoon and then relocate to the “Cachin” market on Tuesdays.

The community bank members value the loan and are very grateful. They will pay the loan down according to the terms agreed upon.

In this group: Paulina, Toribia, Rufina, Nayruth, Hector, Josefina, Clorinda, Nieves, Magno Gregorio, Jovita, Milton, Felipe
*not pictured

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Translated from Spanish by Kiva volunteer Matt Raimondi



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